slowly yet daily climbing up the charts, a reaction to it being under priced ?
or sell and take some profits ? decisions decisions but cant help
thinking maybe this is heading for 2 bucks ?
j c
I think CIL is good value just not sure how they will go in the future with Betfair as competition.
betfair Australia (50:50 join venture with Crown) this mob losing money ever single year since inception
when you burn cash eventually you run out of paper
just like the dotcom
I wouldn't call that competition
want to see what happening this year same old story
Betfair’s equity accounted loss $5.7 million – primarily due to increase in legal and product fees
(subject to NSW legal challenge)
Crown made a further $4.0 million loan to Betfair, resulting in a total debt to Crown of $11.7 million
Thankyou for the reminder ROE - look to the fundamentals and forget about the businesses that destroy shareholder equity. Depends a bit on how deep Betfair / Crowns pockets are but you would thing eventually there will be a write down. CIL does add to shareholder value but are they cheap enough to buy?
Thankyou for the reminder ROE - look to the fundamentals and forget about the businesses that destroy shareholder equity. Depends a bit on how deep Betfair / Crowns pockets are but you would thing eventually there will be a write down. CIL does add to shareholder value but are they cheap enough to buy?
How can you buy now at 1.70 when just 5 or 6 weeks ago they were 1.30 :dunno: why didn't you buy then? is CIL a 30% better company now than it was 5 or 6 weeks ago????
Have only just added CIL to watchlist this reporting season. I don't particularily care what the sp has done recently more interested in intrinsic value of the company and it's ability to grow shareholder equity over time.
Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.
Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.
interesting day for these guys. a nice looking growth plan, followed
by a dive in share price. i happily picked up some more
j c
(Sept 20) I think CIL is good value just not sure how they will go in the future with Betfair as competition.
(Sept 20) How can you buy now at 1.70 when just 5 or 6 weeks ago they were 1.30 :dunno: why didn't you buy then? is CIL a 30% better company now than it was 5 or 6 weeks ago????
(Sept 20) Have only just added CIL to watchlist this reporting season. I don't particularily care what the sp has done recently more interested in intrinsic value of the company and it's ability to grow shareholder equity over time.
(Sept 21)Agree...however any way you want to put it, the fact remains that the lower your entry price the higher the yield and the greater the capital growth...assuming that those things are important to you as a "value" investor.
Was it a growth plan? Or a profit downgrade wrapped inside a growth plan?
They just halved their FY10/11 NPAT from $16m to $8m together with lower dividend payout ratio.
Fair enough you got to spend money to make money, but the market is kind of impatient and couldn't care less if the NPAT will "rocket" in 4 or 5 years time. Not today anyway...
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